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Egyptian Prime Minister Mostafa Madbouli said the final formulation of the State Ownership Policy Document will be submitted before the Cabinet within weeks to be approved by the president.
Egyptian Prime Minister Mostafa Madbouli said the final formulation of the State Ownership Policy Document will be submitted before the Cabinet within weeks to be approved by the president.
Madbouli was addressing the concluding session of Egypt’s Economic Conference 2022 in the presence of President Abdel Fattah El Sisi, ministers, experts, and heads of parties.
Madbuli noted the government will implement a set of procedures in the short term to get familiarized with the most important obstacles that various sectors face and develop immediate solutions for them. He clarified that among these procedures is adopting a package of investment incentives for strategic industries.
The procedures include holding an annual economic conference to promote investment in Egypt. International companies will be invited to show the investment opportunities and evaluate the agreed roadmap.
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According to Madbouli, the first conference will be in the first half of 2023. A social package will be prepared in the coming period in light of the increasing rates of inflation to be implemented by November.
